Prime Minister Viktor Orbán had talks with Knorr-Bremse executive

May 2, 2019 12:53 PM

At the meeting, which was also attended by Minister for Innovation and Technology László Palkovics and István Lepsényi, Chief Executive of Valor Hungariae Zrt., the parties spoke about the implementation of the Zalaegerszeg automotive test track.

The first phase of the project will be inaugurated as part of a ceremony to be attended by Mr Orbán at the end of May. Knorr-Bremse was among the first to announce their intention to use the test track.

At the Thursday talks, the attending parties were informed that Knorr-Bremse’s plans feature the establishment of a new innovation centre in Budapest as well as further projects and developments in Hungary.

The Munich-based Knorr-Bremse concern is the world’s leading manufacturer of braking systems and supplier of additional sub-systems for rail and commercial vehicles.

The Hungarian subsidiary was established by Heinz Hermann Thiele in 1995. Knorr-Bremse is present in Hungary with two manufacturing sites and a research and development centre. The Kecskemét plant manufactures systems for commercial vehicles, while the Budapest plant makes railway braking systems.